BMNR DAY TF ANALYSIS

Wait 5 sec.

BMNR DAY TF ANALYSISBitMine Immersion Technologies IncBATS:BMNRThEDeViL18BMNR has been in a clear downtrend, continuously printing lower highs and lower lows while respecting bearish market structure. After a prolonged decline, price is now trading inside a major demand zone where liquidity appears to be resting below recent lows. The current area is interesting because price has already performed a liquidity sweep (L-Sweep) beneath the range lows, suggesting that sell-side liquidity may be getting absorbed. However, a sweep alone is not enough to confirm a reversal. For a high-probability long setup, I want to see a bullish confirmation pattern develop at this demand zone—such as a strong bullish engulfing candle, market structure shift, or sustained buying pressure after the sweep. If buyers successfully reclaim the range and establish higher lows, BMNR could target the previous resistance region around the $38-$42 area. On the downside, failure to hold this demand zone may open the door for a move toward the lower gap imbalance area.